Barksdale Capital Corp (BRO) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in Barksdale Capital Corp (NYSE:BRO) by 1,257.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,780 shares of the company’s stock after buying an additional 119,291 shares during the quarter. Bessemer Group Inc. owned approximately 0.09% of Barksdale Capital Corp worth $6,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its position in Barksdale Capital Corp by 0.9% in the second quarter. Comerica Bank now owns 90,104 shares of the company’s stock worth $3,987,000 after buying an additional 772 shares during the last quarter. Prudential Financial Inc. increased its position in Barksdale Capital Corp by 48.5% in the second quarter. Prudential Financial Inc. now owns 257,442 shares of the company’s stock worth $11,088,000 after buying an additional 84,120 shares during the last quarter. Russell Investments Group Ltd. increased its position in Barksdale Capital Corp by 5.9% in the second quarter. Russell Investments Group Ltd. now owns 83,762 shares of the company’s stock worth $3,607,000 after buying an additional 4,652 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Barksdale Capital Corp by 2.6% in the second quarter. Mutual of America Capital Management LLC now owns 99,331 shares of the company’s stock worth $4,278,000 after buying an additional 2,518 shares during the last quarter. Finally, BB&T Investment Services Inc. purchased a new stake in Barksdale Capital Corp in the second quarter worth $434,000.

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A number of analysts have issued reports on BRO shares. Zacks Investment Research raised Barksdale Capital Corp from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, November 1st. Wells Fargo & Company reissued a “hold” rating on shares of Barksdale Capital Corp in a research report on Monday, July 17th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of Barksdale Capital Corp in a research report on Monday, October 16th. BidaskClub raised Barksdale Capital Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Citigroup Inc. downgraded Barksdale Capital Corp from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Barksdale Capital Corp presently has a consensus rating of “Hold” and an average price target of C$46.11.

Barksdale Capital Corp (NYSE:BRO) opened at C$49.48 on Friday. Barksdale Capital Corp has a twelve month low of C$38.10 and a twelve month high of C$50.81.

Barksdale Capital Corp (NYSE:BRO) last posted its quarterly earnings results on Monday, October 16th. The company reported C$0.53 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.49 by C$0.04. Barksdale Capital Corp had a return on equity of 12.32% and a net margin of 15.96%. The firm had revenue of C$475.60 million during the quarter, compared to analyst estimates of C$475.13 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Friday, October 27th were issued a $0.15 dividend. This is a positive change from Barksdale Capital Corp’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, October 26th.

In other news, insider Michael Waldkirch sold 75,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of C$0.75, for a total value of C$56,250.00. Also, Director Richard Silas sold 38,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of C$0.75, for a total value of C$28,500.00.

Barksdale Capital Corp Company Profile

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

Institutional Ownership by Quarter for Barksdale Capital Corp (NYSE:BRO)

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